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Budgets Cost Control and Making Good Financial Decisions

Gain insights into setting good budgets, controlling costs and making financial decisions that benefit your lab.

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About Budgets Cost Control and Making Good Financial Decisions

In this course, you'll learn about the budgeting process and how to set and monitor the appropriate budgets for your laboratory. We'll also look at techniques for reducing and controlling costs, as well as making sound financial decisions that will ensure your laboratory's success. [Included in the Lab Management Online course]

Develped by:
Power of Process
Duration:
2 hours
Learning Mode:
eLearning
Certificate:
Certificate of completion

Topics

  • The Budgeting Process
  • Financial Control Techniques
  • Enterprise Resource Planning Systems

Credits

SMLTSA
2 CEU
PACE
2 Contact Hours
RCPath
2 CPD

Pricing

Chapter 1:

Budget Basics

40 minutes
Graded

This module defines the terms associated with budgeting and describes the process of setting a budget.

Cost Control Basics

40 minutes
Graded

This module discusses cost control and the ways and strategies that companies use to manage their cost drivers.

Enterprise Resource Planning Systems

40 minutes
Graded

This module focuses on how decision-making is supported. Aspects such as enterprise resource planning systems, analysing budget variances and identifying opportunities for improvement in the budgeting process will be discussed.